๐ Crypto Market Update โ July 2, 2025
๐น Bitcoin (BTC)
Currently trading around $109,550, up ~3.8% intraday, breaking above the $109K level amid a mid- $110K push
The rally was fueled by a strong debut of the Solana staking ETF and macro optimism, like the U.S.โVietnam trade deal
Analysts (e.g. Rosenberg) say a breakout above the $114K resistance could support a ~25% rally toward ~$143K
๐ธ Ethereum (ETH)
$2,590, up around 7.3% intraday, riding positive ETF inflows and rising crypto sentiment
A potential breakout towards $2,800 is gaining traction
๐ Market Trends
Overall crypto market cap is slightly down (~2โ3%), but BTC and ETH are bucking the trend
Markets remain in a summer lullโlow volume, consolidationโbut resilient amidst macro shifts
๐ Key Drivers
ETF Momentum: New spot staking ETFs for Solana and Ether have boosted flows and sentiment
Policy & Macro Catalysts: Trade deal news and a pro-crypto U.S. regulatory backdrop are underpinning momentum .
Technical Setup: BTC approaching $114K resistanceโthe tipping point for a large breakout
๐งญ Outlook & Strategy
BTC: Strong upward bias if $114K is cleared; otherwise, expect resistance-consolidation range near $110K.
ETH: Watch for a rally toward $2,800 if ETF momentum continues; supports currently near $2,400-$2,500.
Altcoins: Mixed action in altcoins, with Ethereum, Solana and a handful of meme/DeFi tokens showing activity; overall somnolent market cap likely until macro events unfold .
๐ฏ Bottom line: Crypto opens July with strength in major coins. Increased volatility expected near resistance zonesโplenty of trading opportunities, but keep risk tight.
